Tigris & Venionaire as visionaries
Our team at Venionaire Investment is proud to announce that we have received approval from the FMA (Finanzmarktaufsicht) for the first Austrian “crypto fund” – Tigris Web3. The fund is an alternative investment fund (AIF) that invests in crypto assets on behalf of investors. The target is primarily tokens from the Cosmos Ecosystem, which includes numerous DeFi and Web3 projects.
“The fund will invest in the most revolutionary, technological, paradigm shift of the 21st century, in so-called Web3 protocols, which are the foundation of a decentralized Internet of the future, free from today’s tech giants,” Venionaire describes the strategy.
Investments from 100,000 euros in Web 3
Professional investors from Austria can invest in Tigris Web3 starting in April, with a minimum amount of 100,000 euros. “The fund is an Austrian limited liability company, in which one acquires substance participation rights through the fund,” explains Berthold Baurek-Karlic in a talk with brutkasten. “The money starts working immediately”. The volume is expected to reach 20 million euros in the coming months.
Peter Augustin, Internet Pioneer, the leading force
Venionaire partner Peter Augustin, Internet pioneer and founder of Inode, is the leading force behind the fund.
“Based on my decades of experience in this sector, it seems very visionary to me to invest in this huge, global market today. With the experience I gained in the Web1 in the 1990s, I know that a ten-year time horizon is needed to achieve the corresponding successes here. On the regulatory and technical side, I have found the perfect partner for the implementation of the fund in Venionaire.”
The Fund Team
Also part of the fund team is blockchain entrepreneur Jürgen Höbarth, entrepreneur and private equity expert Anton Werner, Venionaire founder Berthold Baurek-Karlic, Black Manta co-founder Alexander Rapatz, as portfolio manager, David Teufel from Venionaire. According to Baurek-Karlic, the investors also include other well-known figures from the investor scene in Austria such as business angels Niki Futter, Markus Ertler, who are also helping to fill the fund with their networks.
So it will be a whole bunch of DeFi projects that Tigris Web3 invests in. A small part of the volume is reserved for early projects, explains Baurek-Karlic. But the bulk, he says, is flowing “statistically well-adjusted” into more liquid protocols that already have some breadth. “We don’t want to gamble on Apes or other NFTs, but rather target useful applications such as decentralized hosting of websites,” explains the fund manager and Venionaire initiator.
The fund already lists four specific examples as “top investments” on its website. The best known is certainly Terra, which forms the basis for numerous DeFi projects and ranks in the top 10 cryptocurrencies by market capitalization on Coinmarketcap. Also well known is the Cosmos network, which aims to provide interoperability between blockchains with the ATOM token. The data privacy project “Secret Network” wants to lay the foundation for user privacy on Web 3 with its own blockchain and the SCRT token. Thorchain is a blockchain that enables decentralized trading of cryptocurrencies (DEX).